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Buy InterGlobe Aviation, target Rs 1260: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on InterGlobe Aviation Ltd. with a target price of Rs 1260. The current market price of InterGlobe Aviation Ltd. is Rs 1213.1 Time period given by th eanalyst is Intra Day when InterGlobe Aviation Ltd. price can reach the defined target. Kunal Bothra recommended to keep stop loss at Rs 1200. InterGlobe Aviation Ltd., incorporated in 2004, is a large-cap company with a market cap of Rs 46632.39 crore.

InterGlobe Aviation Ltd. key Products/Revenue Segments include Income (Airlines) which contributed Rs 18280.48 Crore to Sales Value (98.38 % of Total Sales), Traded Goods which contributed Rs 159.59 Crore to Sales Value (0.85 % of Total Sales) and Other Operating Revenue which contributed Rs 140.43 Crore to Sales Value (0.75 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Standalone sales of Rs 5799.11 Crore, down -6.13 % from last quarter Sales of Rs 6177.88 Crore and up 19.61 % from last year same quarter Sales of Rs 4848.22 Crore Company has reported net profit after tax of Rs 117.64 Crore in latest quarter.

The companys top management includes Dr.Anupam Khanna, Mr.Devadas Mallya Mangalore, Mr.Rahul Bhatia, Mr.Rakesh Gangwal, Mrs.Rohini Bhatia. Company has BSR & Co. LLP as its auditoRs As on 31-03-2018, the company has a total of 384,406,838 shares outstanding.

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